existed. Omitting the bottom of the chart makes the dividends appear a smaller percentage of net earnings than they really were. Fig. 223 could have been considerably improved, also, if the line showing net earnings were made much heavier than it is seen in the illustration.
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Union Pacific Railroad
Fig. 222. Passenger Service and Traffic on the Union Pacific Railroad and Auxiliary Companies
This chart shows by years the per cent of increase over the year ended
June 30, 1898, in the gross revenue from the transportation of passengers,
the number of passengers carried one mile, and the number of
miles run by cars and locomotives in passenger-train service. Locomotive
miles include revenue passenger-train miles, all mixed-train
miles and helping passenger-train miles, but do not include miles run
by motor cars
Here the reversed arrangement with the latest year at the top gives the erroneous impression that passenger business is decreasing. A chart like this does not assist greatly in conveying information to the stockholder
What figures for an annual report should always be shown in chart form to make comparisons most clear is hard to determine, but it will doubtless be agreed that, if possible, the charts should
